Business

Home loan borrowers, companies, policy makers and the market analysts all have one question in mind: Will the Reserve Bank of India (RBI) governor Raghuram Rajan cut lending rates in the monetary policy review on Tuesday?

In a new twist to the controversial proposal to strip the Reserve Bank of India governor of his veto power in interest rate decisions, an FSLRC member has said the draft bill does not reflect the views of the panel.

With the Maggi ban hitting sales of the company's other products, Nestle India's new managing director Suresh Narayanan on Saturday said bringing the instant noodles brand back to the market is his top priority as he sought to strike a conciliatory note with authorities.

In a move that galvanised the stock markets, the government on Friday decided to raise its outlay for recapitalising state-owned banks this financial year to Rs 25,000 crore, more than three times the amount earmarked in the Budget. This money will be given in three tranches.

Welcome to the world of all-you-can-eat (er, listen) music apps from brands such as Gaana, Rdio, Hungama, Apple Music, Saavn and Wynk, which are defying music pirates with low-priced subscription models.

Despite a marginal growth in overall revenue, engineering major Larsen & Toubro (L&T) on Friday reported a 37.3% decline in consolidated net profit at Rs 606.19 crore in the three months to June due to high base effect in the year-ago period.